SBI Life's - Annuity (Pension) Plus Plan - 9440557921, anand_prem_raj@yahoo.com

Increasing life expectancy rate, rising health care costs, absence of social security system in India and disintegration of joint family system are some of the key reasons that makes retirement planning very critical.

To help you continue celebrating your life post-retirement to the fullest, SBI Life presents you an array of pension plans which are simple and innovative.

Introduction:   SBI Life - Annuity Plus, a traditional, non-participating immediate annuity plan, which offers a comprehensive range of annuity options along with inbuilt flexibilities. It provides an opportunity to you to maintain your standard of living.
Key Features:
•	Complete freedom to choose from a wide range of Annuity options
•	Enjoy a regular income (“annuity payout”) from an early age of 40 years
•	You have an option to have Lifetime Annuity payout for you as well as a family member
•	Flexibility to choose frequency of annuity payouts as per your requirements – Monthly, Quarterly, Half-yearly or Yearly
•	Incentives of higher annuity rates for large premiums
•	Option of availing SBI Life- Accidental Death Benefit Rider (UIN:111B015V01)
•	Flexibility to advance your Annuity payouts
•	Return of premium options
Product Snapshot
Age Limits* Minimum age at entry : 40 years                Maximum age at entry: 80 years Annuity Payout  (per installment) Minimum :  Monthly: Rs.200, Quarterly: Rs.600,                      Half-yearly: Rs.1,200, Yearly: Rs.2,400 Maximum: No limit Annuity payout mode Monthly, Quarterly, Half-yearly or Yearly Premium Amounts  Minimum. : Such that the minimum annuity installment can be paid Maximum.: No Limit
*All references to age are age as on last birthday.
Wide Variety Annuity Options available:
•	Life Annuity (Single Life): Annuity payout at guaranteed rate, through-out the life of the annuitant. You may choose from following options:
	•	Lifetime Income
	•	Lifetime Income with Capital1 Refund
	•	Lifetime Income with Capital1 refund in parts
•	Lifetime income with Balance Capital2 Refund: Annuity is payable at a constant rate throughout the life. On death, the Balance capital (in case positive) will be paid.
•	Lifetime income with Annual Increase of 3% or 5%: Annuity payout increases at a simple rate of 3% or 5% p.a. for each complete year and is payable throughout the life of the annuitant. All future annuity payouts cease immediately on death and the contract terminates
•	Lifetime income with certain period of 5, 10, 15 or 20 years and life thereafter:
	•	Annuity is payable at a constant rate for a minimum fixed period of 5, 10, 15 or 20 years; and for life thereafter.
•	Life Annuity (Two lives):  The annuity payout will continue at a guaranteed rate, throughout the life of the annuitants. You may choose from below options:
	•	Life and Last Survivor - 50% or 100% Income without Capital Refund
	•	Life and Last Survivor - 50% or 100% Income with Capital Refund
1Capital will mean Premium (excluding service tax and rider premium, if any) under the policy
2Balance Capital = Premium (excluding service tax and rider premium, if any) – Annuity payouts made till date.
Benefits:
Annuity payable as per the annuity option chosen. SBI Life - Accidental Death Benefit Rider (UIN: 111B015V01)
Age at Entry (as on last birthday):  Min – 40 years, Max – 60 years
Rider Term (fixed): 10 years
Maximum Age at maturity: 70 years
Minimum Sum Assured: Rs. 25,000/-
Maximum Sum Assured: Rs. 50, 00,000/-
Exclusions:
•	Rider exclusion: Please refer to sales brochure for the Accidental Death Benefit Rider (UIN: 111B015V01) for details
Tax Benefits: Tax benefits will be available as per the prevailing tax laws. All annuity payouts may be subject to income tax as per the law prevailing on the date of payout. For specific details, please contact your tax consultant.